Poonawalla fincorp
Poonawalla fincorp

Heads of income - need a fast reply

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(Querist)
18 August 2012 can anyone please clarify my doubt under what head the income of an aop will be taxed ? is it under pgbp or other sources ? the only income of an aop is interest from bank & rental income.


please reply soon ..................
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
19 August 2012 It will be income from other sources and if rent is from house property then under income from house property income
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S.Anu

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S.Anu (Querist)
19 August 2012 then how can i claim expenditure incurred ?/
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
19 August 2012 Section 57 provides for deduction for expenses incurred to derive the income

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